Lehman Brothers Financial SA (LEHNQ)

[toogoodfella]

There is no guarantee of payment for CT's. Only a guarantee Of payment if the trust is funded. It's not funded and IMHO I doubt it ever will be.
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Hi Jim, there is a possibility in fact.
It is the 1.7B that was separated from the 8.6B dispute between LBHI and JPM. We just have to wait for the judge's decision as Cotton explains.

The second chance is the redemption guarantee of LBHI to Cts as a preferred instrument that may put it into OBS.


The discharge of Class-10B is a discharge of a debt claim by the Trust and doesn't mean that Cts are being cancelled.